Stock Groups

EU agrees on a new sanctions package over invasion of Ukraine -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: European Union Flags seen at the European Commission Headquarters, Brussels, Belgium on November 14, 2018. REUTERS/Francois Lenoir/

PARIS, (Reuters) – The European Union approved a fresh round of sanctions against senior Russian officials. This was in retaliation from Moscow’s invasion and occupation of Ukraine. France announced Wednesday.

France which is currently the rotating president of the European Council said that the new sanctions would also apply to the maritime sector. It will exclude three Belarussian banks form the SWIFT banking network.

At a summit that took place in Versailles, France on Thursday and Friday, the leaders of all 27 members will officially approve these additional sanctions.

Over 2,000,000 people fled Ukraine, and hundreds of thousands were left without medicine or water after President Vladimir Putin invaded Ukraine almost two weeks ago.

Moscow refers to the “special military operation” as a disarming of its neighbor, and dislodging leaders it labels “neoNazis.” Kyiv’s Western allies dismissed that as a pretext for an unprovoked military war against a country with 44 million inhabitants.

COREPER II, which brings together each state’s permanent representative to the bloc ahead of the summit, agreed on the new sanctions.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]